World Trade Center Denver News

BBC - Business Trip: Denver

Jessica Rettig — Mon, 20 May 2013 20:33:12 GMT

By Chris McGinnis

"Even the most notorious nose-to-the-grindstone business traveller will have a difficult time not having fun in sunny Denver, located on the eastern edge of the Colorado Rocky Mountains.

Its location near the geographic centre of the US, a world-class airport and a rash of recent hotel developments in its pedestrian-friendly core have combined to make Denver an increasingly regular stop on the business travel circuit. From 2010 to 2011, there was a 17% increase in business travellers coming to the city, and a hotel building boom will add some 1,400 new rooms over the next two to three years.

Also, the city’s diverse economy has weathered the recent economic storm better than most other major US cities. In April the Metro Denver Economic Development Corporation had to revise its forecast due to better-than-expected gains in employment, retail sales and applications for residential building permits."

SBA Announces Winners of Export Video Contest

Jessica Rettig — Mon, 20 May 2013 20:30:49 GMT

"WASHINGTON, May 16, 2013 -- /PRNewswire-USNewswire/ -- With its entry "Scooping Up International Sales," Bassetts Ice Cream, a fifth-generation family business and a Philadelphia tradition since 1861, won first prize at the annual export video contest co-sponsored by the Small Business Administration and Visa, Inc. SBA Associate Administrator for the Office of International Trade Dario Gomez today made the announcement and presented the awards at the 2013 World Trade Day Conference in Denver. SBA Deputy Administrator Marie Johns was a keynote speaker at the event."

Read more: http://www.sacbee.com/2013/05/16/5426498/sba-announces-winners-of-export.html

Read more here: http://www.sacbee.com/2013/05/16/5426498/sba-announces-winners-of-export.html#storylink=cpy

Two Colorado firms to be honored for increasing U.S. exports

Jessica Rettig — Mon, 20 May 2013 20:29:08 GMT

By Howard Pankratz, The Denver Post

"Two Colorado firms will be among more than 50 U.S. companies that will be honored next week for increasing American exports.

Geotech Environmental Equipment Inc. of Denver and Boulder's Lightning Eliminators & Consultants will receive the 2013 President's "E" Award.

Of the 57 recipients, 47 are small or medium-sized enterprises, 33 are manufacturers and 31 fall into both categories, according to the U.S. Department of Commerce."

Colorado companies honored by Commerce Dept. for export growth

Jessica Rettig — Mon, 20 May 2013 20:26:51 GMT

By Heather Draper, Denver Business Journal

"The U.S. Commerce Department will honor more than 50 companies and organizations, including four from Colorado, for their contributions to increasing U.S. exports.

Colorado companies receiving the “E” Award for Exports are Geotech Environmental Equipment Inc. of Denver and Lightning Eliminators & Consultants of Boulder.

Also, the World Trade Center-Denver and Frederick Export in Denver received the “E” Award for Export Service."

Zeigler Bros. named national Exporter of the Year

Jessica Rettig — Mon, 20 May 2013 20:24:04 GMT

"Adams County-based Zeigler Brothers Inc., a manufacturer of animal feeds for aquaculture, biomedical industries, pets and zoos, has been named national “Exporter of the Year” by the U.S. Small Business Administration.

“Small business exporters like (Zeigler) are key engines of our economy and are playing a crucial role in job creation as we move toward an economy that is built to last,” SBA Deputy Administrator Marie Johns said in a statement.

Zeigler’s executives were presented the award at the World Trade Day Conference in Denver yesterday."

Avon's Liberty Skis wins Governor's Excellence in Exporting Award

Jessica Rettig — Mon, 20 May 2013 20:22:06 GMT

"Avon-based Liberty Skis on Thursday won a 2013 Governor's Award for Excellence in Exporting from the Colorado Office of Economic Development and International Trade (OEDIT).

This award has been given since 1970 and honors Colorado companies that demonstrate a commitment to international trade.

Liberty Skis makes high performance skis rooted in functional innovation and respect for the environment, according to an OEDIT announcement on Thursday: "Every material they use and design is done with the ultimate goal of elevating customers' experience on skis in Colorado and around the globe."

Read more at RealVail.com: http://www.realvail.com/article/1800/Avons-Liberty-Skis-wins-Governors-Excellence-in-Exporting-Award

World Trade Day Features Robots, New Tech

Jessica Rettig — Mon, 20 May 2013 20:19:37 GMT

"GLENDALE, Colo. (CBS4)- A robot used to monitor dangerous situations debuted at World Trade Day on Thursday.

Otterbox cases impact lives beyond protecting smartphones

Michael DeJager — Thu, 18 Apr 2013 15:41:50 GMT

When Otterbox CEO Brian Thomas proudly showed off the company’s latest gadget – the Defender Series battery protector with ion technology – at the International Consumer Electronics Show (CES) in early January, he was pleased when he learned that an Otterbox product saved the life of a customer—again.

To read more, click here.

U.S. Ex-Im Bank Recognizes J.P. Morgan Chase for its Commitment to help Businesses Grow

Michael DeJager — Wed, 10 Apr 2013 14:38:53 GMT

J.P. Morgan awarded Ex-Im Bank Lender of the Year; financed $291 million in 2012

Chase lent $20 billion to American small businesses in 2012, third consecutive year as #1 SBA lender

NEW YORK, April 4, 2013 – In recognition of its commitment to helping the economy grow and support small and medium-sized businesses in the U.S., J.P. Morgan today received the Lender of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). Click here to read more.

"Baucus makes US-EU trade deal a top priority" By Vicki Needham

Jessica Rettig — Mon, 04 Mar 2013 22:10:29 GMT

"A top Senate Democrat is arguing that a trade deal forged between the United States and European Union would spur significant economic growth and must be made a top priority for the White House and the Congress.

Senate Finance Committee Chairman Max Baucus (D-Mont.), whose panel oversees trade, said a free-trade agreement would not only lower barriers but also raise the level of confidence in the United States and the EU undefined sparking significant growth in the world’s two largest economies," he wrote in an op-ed in the Financial Times on Monday."

"Administration says international trade and travel harmed by sequester cuts" By Julian Pecquet

Jessica Rettig — Tue, 05 Mar 2013 14:31:11 GMT

"The sequestration cuts will take a heavy toll on cross-border travel and trade, the Department of Homeland Security warns.

While security efforts remain the department's “highest priority,” furloughed workers will cause back-ups at the nation's ports of entry for both people and merchandise, the department said in a letter to trade and travel industry associations. The cuts take place against a backdrop of “significant growth” in travel and trade, with international air travel growing 12 percent over the past three years and maritime and air cargo shipments growing by 4 percent over the past year."

Past WTC Intern, Alison Lowe, featured on Live Worldly Blog

Michael DeJager — Fri, 25 Jan 2013 14:39:23 GMT

Guest Blogger of the Month: Climate Change; Is it too late?

Our guest blogger this month is Alison Lowe, a student at the University of Denver’s Josef Korbel School of International Studies. Currently pursuing a masters in Global Finance, Trade and Economic Integration, she expects to graduate in June 2013. Let’s hear what Alison about this month’s global issues…

While you would be forgiven for not noticing (it’s hardly been topping the daily headlines), a two-week long meeting of most of the world’s nations is currently going on to avoid what some have termed the greatest threat facing the world as we know it. No, it’s not the U.S’ “fiscal cliff”. Surprisingly enough, it’s not even Rihanna’s decision to rekindle her relationship with ex-beau Chris Brown: it’s climate change.

Click here to read the full blog.

"Obama grants Russia 'permanent normal trade relations'" by Doug Palmar

Alicia Sanchez — Mon, 07 Jan 2013 17:14:35 GMT

"WASHINGTON – President Barack Obama on Thursday formally granted "permanent normal trade relations" to Russia, following congressional action that cleared the way for him to remove a Cold War-era vestige on trade but also raised tensions with Moscow."

To read full article click here.

"Foreign bribery probes spread as firms start ratting on each other" by Steve Le Vine

Alicia Sanchez — Mon, 07 Jan 2013 15:49:01 GMT

"If you are a technology executive exploring the world’s frontiers, now is not the time to bribe your way into a deal. The same goes for health-care and energy companies. These three industries are currently the prime targets of US foreign bribery investigators, who ensnare one company and then persuade it to inform on rivals or partners."

To continue reading this article click here.

Bill Allowing Export of Certain Colorado Satellites

Michael DeJager — Fri, 04 Jan 2013 21:55:20 GMT

President Barack Obama on Wednesday night signed into law the National Defense Authorization Act, which includes a key provision modernizing the satellite-export language championed by U.S. Sen. Michael Bennet on behalf of Colorado's aerospace industry.

Read more: Obama signs a bill allowing for export of certain satellites from Colorado - The Denver Post

Member Company Coolerado featured in the Economist

Michael DeJager — Fri, 04 Jan 2013 17:58:32 GMT

Congratulations to member company, Coolerado, for their spotlight this week in the Economist:

"Thankfully for lovers of coolth, air conditioning is becoming more efficient. In the past 30 years, more stringent standards for air conditioners in developed countries have more than doubled the energy efficiency of new units. For decades, air conditioning has used the same compressor technology that runs refrigerators. But Coolerado, an American company, claims to have cut energy costs by 90%, using only water as a coolant: its devices feature specially designed plastic plates that chill by evaporation. They blast half the air, sodden and warm, back outside and send the rest, cool and dry, inside. The machines can even be solar powered (though their thirsty habits may not suit all hot places)."

To read the full article, click here.

"Panama FTA Enhances Opportunities For U.S. Beef" By Joe Schuele

Alicia Sanchez — Thu, 20 Dec 2012 20:20:23 GMT

"The U.S.-Panama Trade Agreement took effect Oct. 31, further enhancing market access for U.S. beef in Central America. The agreement grants immediate, duty-free access for high-quality (Choice and Prime) beef cuts. All other beef muscle cuts are subject to a 30% duty, but this rate will be phased down to zero over the next 15 years. For beef variety meat, Panama’s 15% duty fell to zero immediately for some items, while the duty rate for others will be phased down to zero over the next five years."

To continue reading article click here.

To learn more about current events between Panama and the US, sign in to A to Z World Trade (for members only).

"Senate votes sends Russian trade and human rights bill to President Obama" by Associate Press- The Washington Post

Alicia Sanchez — Thu, 06 Dec 2012 21:25:37 GMT

"A Russian trade and human rights bill cleared Congress and headed for President Barack Obama’s signature Thursday, opening new export opportunities for American businesses but antagonizing relations with Russia over its treatment of dissidents."

To continue reading this article click here.

A $10 Trillion Bet on China and India- by Michael J. Silverstein

Michael DeJager — Tue, 04 Dec 2012 15:51:13 GMT

"Just yesterday, the Organization for Economic Cooperation and Development (OECD) released a new report predicting that the economy of China will rebound and grow 8.5% in 2013 and 8.9% in 2014, citing increasing domestic consumer demand and government spending on housing and infrastructure as the tailwinds behind this renewed surge. According to the Wall Street Journal, the OECD report attributed China's slightly less robust 7.5% growth rate this year to a slowdown in exports and the government's intervention to stave off inflation and rein in property prices. The OECD report also expressed optimism that India's economy will resume growth over the next two years, indicating that its currency will likely be shored up soon and that its current-account deficit issues will be stabilized, too."

To continue reading this article, click here.

What You Really Need to Know About International Business Strategy

Michael DeJager — Fri, 30 Nov 2012 14:42:39 GMT

Does your company have an International Business Strategy? Many companies do not have one, and those that do often let its relevance lapse or file it away for none to see. An effective international business strategy can translate to exponential company growth. But many companies leave untapped potential revenue, or worse yet, expose themselves to unnecessary business risks. This is a crash course on international business strategy that will hopefully lead to the next level of planning.

Click here to read the full article by Becky DeStigter.